Cash & Liquidity Management
Get the most out of your cash every day without spending your time managing it. Texas Gulf Bank’s cash and liquidity management solutions include products designed to simplify short term investment of your account balances. From cash concentration to automated sweeps from your accounts, our services focus on automation and ease-of-use.
Get an earnings credit on commercial non-interest-bearing checking accounts (except for the Portside account) based on average collected balances that minimizes service costs associated with account activity.
Lockbox Services simplify collection and processing of account receivables by having your customers' payments mailed directly to our P.O. Box. Processing includes capturing the remittance document, preparing and depositing all checks received, preparing and transmitting a file of all remittance documents and a daily report to the Client for updating their accounts.
Our sweep vehicles automatically execute your cash management decisions based on the daily balances held in your Texas Gulf Bank accounts.
Overdraft Protection - Automatically transfer funds between your accounts, preventing insufficient funding. Minimum or target balances you set can be maintained daily.
Sweep Account - Keeps an account at a specified daily balance by transferring funds between related accounts.
Zero balance account (ZBA) - A payroll account or any other disbursement account is funded automatically as checks are presented, eliminating the need to monitor and manually transfer funds.
Transfer funds between Texas Gulf Bank accounts and schedule one-time or recurring fund transfers through Online Banking Services.
*Per government regulation, transfers from a savings or money market account to another account or third parties by preauthorized, automatic or telephone (including internet banking and data transmission) transfer are limited to six per month. Accounts violating Regulation D transaction limitations more often than 3 times in a 12-month period are subject to re-classification as a non-interest-bearing account or account closure.
Contact Texas Gulf Bank to receive information on pricing for fee-based services.